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Porter Hedges Represents Hupecol Cuerva Holdings LLC in the Sale of its Subsidiary in Colombia to GeoPark Holdings Limited

03/27/12

HOUSTON, March 27, 2012: Porter Hedges represented Hupecol Cuerva Holdings LLC (“Hupecol”) with the sale of its wholly owned subsidiary Hupecol Cuerva LLC, owner of two exploration and production contracts in Colombia. The $75 million sale was to GeoPark Holdings Limited ("GeoPark"), the Latin American oil and gas exploration and production company operating in Chile, Colombia and Argentina and is subject to typical post-closing adjustments and governmental approval.

The assets acquired from Hupecol comprise the La Cuerva and Llanos 62 blocks (approximately 90,000 acres) in the Llanos basin in Colombia. The La Cuerva block is currently producing and exploratory seismic operations have commenced at Llanos 62.

Porter Hedges has previously represented Hupecol LLC in several transactions including the sale of two oil and gas blocks to Madrid based CEPSA and four oil and gas blocks to China’s Sinopec.

Porter Hedges is known for handling sophisticated transactions and complex litigation on behalf of a diverse group of clients in established and growing industries. We represent public and private companies and are recognized for both the depth of our experience and the ability to meet our clients’ business objectives.